While the stalemate over Commerzbank continues in Germany, Unicredit is taking advantage of the fertile ground in Greece and, by converting derivatives, is strengthening its stake in the Hellenic bank.
Pierrakakis: The old distinctions between North and South, or between spendthrift and frugal countries, have had their day. After citing Draghi and Letta, he calls for concrete and united moves on defense, technological innovation, the single market, and the digital euro.
UniCredit strengthens its presence in Greece: the path is clear for Orcel after attempted takeovers in Germany and Italy. But precisely on the golden power used by the government to oppose the Piazza Gae Aulenti takeover bid for Banco BPM, Rome is now looking...
The right-wing government led by Mitsotakis has passed a law allowing workers to work 13 hours a day, 37 days a year, by voluntary agreement and in exchange for a 40% pay raise. Unions and the left are protesting: "This measure…
According to the Financial Times, Unicredit could offer a third of its board seats to convince Berlin to take on Commerz; alternatively, it would focus on organic growth in Poland or targeted acquisitions such as mBank, controlled by the German giant.
Improving economies, declining deficits and excellent stock market performances are now attracting more investors to Italy, Greece, Spain and Portugal than to France and Germany: the opposite of a decade ago.
UniCredit has increased its stake in Alpha Bank from 21% to 26%, of which 9,9% is in shares, through financial instruments. The stake is expected to generate net income of approximately €244 million in 2026.
Since the beginning of the year, the Athens Stock Exchange has risen 44%, outperforming all other European stock markets. The banking sector has seen a resounding success, with Alpha Bank posting a triple-digit gain.
The opening with Greece welcomed Unicredit's investment in Alpha Bank is a lesson in Europeanism that should make the governments of Berlin and Rome blush for their vetoes on Unicredit's takeovers of Commerbank and…
Unicredit has bought 9,7% of Alpha Bank, the second largest Greek bank. Giorgetti in the Senate: "We will give answers on the Golden Power, Mef and Chigi aligned". Tajani says he is in favor of loosening the limits: "There is no question of national interest"
The new submarine connection will complement the existing interconnection, in operation since 2002, and will allow for greater integration of the electricity markets of the two countries.
Italgas, through its subsidiary Enaon, announces a one billion euro plan in Greece. Objectives: methanization, digitalization, renewable gases and sustainable network. In the first quarter of 2025 the closing for the acquisition of 2i Rete Gas
While waiting to hear the response of the ECB supervisory body on Commerzbank and the evolution of the operation, Unicredit seals the alliance with Alpha Bank in Greece and presents new solutions
Greek PM Mitsotakis announces a new tax to combat tourist overcrowding on the two islands. The measure aims to limit the influx of tourists and finance sustainable infrastructure. Other European cities such as Venice and Rome adopt similar strategies, while…
The agreement establishes a partnership in which Eurizon will offer its products in Greece, supporting and enhancing the offer of Eurobank Asset Management
While the rest of the world is reducing the working week, Greece appears to be going in the opposite direction to boost productivity and economic growth. But at what cost?
Sparkle's BlueMed submarine cable reaches the island of Crete, connecting Italy to Greece and other Mediterranean countries. A new digital hub for high-speed Internet connections and high-performance solutions
The Enel Green Power group subsidiary has completed the sale of a 50% stake in its Greek renewables company to Macquarie Asset Management, generating an enterprise value of 980 million
The historic group of Neapolitan shipowners invests in Greek ports. An entrepreneurial strategy dedicated to environmental protection
The overall price is approximately 293 million euros. The transaction follows the binding agreement with Alpha Services and Holdings, 100% parent of Alpha Bank to establish a strategic partnership in Romania and Greece
Offer for 9% of the Greek bank. The two banks will combine their operations in Romania, creating the country's third largest bank by total assets. In Greece, commercial alliance on insurance and funds. Orcel: "This type of deal…
How did Greece emerge from the crisis that put the euro at risk? This question is answered by a study by the Observatory on Public Accounts of the Catholic University led by Giampaolo Galli
The Neapolitan shipping company was among the first to launch two hybrid ships. They are in service to Greece and carry more vehicles than they pollute. Expert opinion.
Thanks to the new electoral system, the conservative leader gets the seats needed to govern without alliances. Mitsotakis: "I will be prime minister of all Greeks. Now the reforms." The far right is strengthened with various parties in Parliament. Tsipras and the…
Tsipras paid a heavy price in Sunday's Greek election that gave partial victory to the right but without his courageous consolidation action Greece could not have done it
The outgoing Conservative premier is reconfirmed in government but does not have sufficient numbers to govern. New elections at the end of June for a majority without coalitions. Heavy defeat for Tsipras and his Syriza party with a gap of 20%.
To implement the disposal plan indicated last month, Enel is also negotiating 50% of the Sicilian 3Sun Gigafactory. Proceeds will be reinvested in more strategic assets and reduce debt
A scandal over illegal wiretaps against the press and the opposition is shaking up the conservative government of Kyriakos Mitsotakis: "I didn't know"
The company will focus on the Athens-Thessaloniki section, where the ETR15 - Ferraris electric trains have been running since 470 May: "An intermodal, digital and green transport model"
The new underwater work will encourage greater integration of renewable sources. Start of works in 2023, operational in 2030
The six-legged dog has acquired the company Solar Konzept Greece, owner of a platform for the development of photovoltaic plants and a portfolio of plants that includes a pipeline of projects of approximately 800 MW
The exhibition, open until February 7, 2022, was organized on the occasion of the bicentenary of the Revolution, traveling between Greece and European culture, in particular the relations between Paris and Athens.
Greece is increasingly becoming a land of conquest for publicly controlled Italian groups - After Snam and Ferrovie, now it's Italgas' turn - The deal is worth 733 million euro
The spread of the Omicron variant worries Europe which is moving towards obligation or greater restrictions. Austria provides for fines of up to 7.200 euros for those who refuse – Greece opts for 100 euros a month for the over 60s –…
Arrived in Europe in the 300s preceded by a bad reputation, considered an Arab ploy to eliminate Christians, over time the aubergines have largely redeemed themselves in the kitchen, also demonstrating remarkable beneficial properties. In Milan, the Vasilihi Kouzina Restaurant &…
Here is the incipit of the new book by Marta Boneschi "The shipwreck of the Mentor. The marbles of the Parthenon and the war for the domination of Europe"
The company led by Paolo Gallo takes over Depa Infrastructure, which manages the natural gas infrastructure in the Hellenic country
Il Leone di Trieste consolidates its presence in Greece with the acquisition of AXA's Greek assets and with the extension of the bancassurance agreement with Alpha Bank until 2040
A mountain of liquidity helps the performance of emerging markets. And it promises to last. Brazil and Russia the most favorites but Asia maintains a central role. And the impact on raw materials can already be seen
After the agreement with Libya, Turkey's maritime expansionism, certified by the Blue Homeland Plan, aims to block any ambition by Cyprus, Greece, Egypt and Israel to organize the transport of gas in the Mediterranean without taking Turkey into account -…
On the Island of Elba, a young entrepreneur has launched an experimental archeology project: she makes wine as they did in Greece 2.500 years ago, by immersing the grapes in the sea for five days. Awarded with the Oscar Green.
In the presence of the President of TIM Salvatore Rossi and the top management of Sparkle, President Alessandro Pansa and CEO Mario Di Mauro, the construction of the first "green" Data Center in the country and one of the most technologically advanced in Europe has begun.
TAP has injected gas into the first section of the pipeline in Greece for the start of testing. It is the last step before the progressive introduction of gas in Albania and Italy.
In the wake of the Greek rally, the yield on the 3,3-year BTP falls but in Piazza Affari many banks pledge -Mps against the trend (+XNUMX%) - Pirelli queen of the stock market ahead of Juve and the oil companies
Conservative shift in Greece boosts bonds as markets fear a less generous Fed on rates - Deutsche Bank's big cleanup test today
The conservatives of Nea Demokratia led by the banker Mitsotakis, who will be the new premier, clearly win the elections in Greece - Syzira's parenthesis ends after the anti-Troika referendum 4 years ago - Tsipras returns to the opposition
The yield of Btp 5 exceeds that of Greece and Istat lowers its 0,1 GDP estimate to 2019% - The tariff war weighs on the stock exchanges and Piazza Affari pays the bill: -0,9%
The Italian company has a 60% stake in the consortium that took over 66% of DESFA, the national operator in the natural gas infrastructure sector: an operation worth over half a billion euros.
Fear is growing on the financial markets - The European stock exchanges have lost an average of 10% since the beginning of the year - The debt market is also in fibrillation but for now the fall of the BTP does not infect the Eurozone - Draghi and…
According to the French foreign trade insurance company (the equivalent of the Italian Sace), Athens has emerged from eight very long consecutive years of crisis with more competitive, less indebted and export-oriented companies - but the banks continue to have many NPLs.
New stock market test today for the Benetton company, while the Wall Street Journal hypothesizes a flight of foreign capital from Italy, which awaits month-end ratings with fear and looks at the spread with concern - End of…
The Athens-Patras highway in flames and smoke, obliterated the seaside village of Mati. Dozens of dead, over 550 injured, 23 of whom are children. Evacuated tourists. Prime Minister Tsipras asks for help from Europe. Canadair from Italy and France
The clash that dominates the international scene both on the migrant emergency and on tariffs worries the markets but the anti-euro moves of the League are also weighing on Italy and the surge in its spread - Two new products against the tide: agreement on Greece and agreement on…
After eight years, Greece regains its financial sovereignty - Ok from the Eurogroup to the 10-year extension of loan maturities - Checks every six months on public finances: if Athens respects the agreements, it will receive 600 million every six months.
The consortium led by the Italian company remained the only one in the race to take over 66% of Desfa, the state gas company that the Athens government is privatizing - The offer is over half a billion: Desfa manages…
One out of three Italians who want to buy a second home in Spain dreams of Ibiza. He also coveted Marbella and Palma de Mallorca. In Brazil, however, the most popular half is Salvador
A paper written by the economists Blanchard and Zettelmeyer disproves, on an empirical and economic theory level, all the preventive default proposals for Italy that have flourished in this period. Rising interest rates could lead to new fiscal crises…
Athens can breathe a sigh of relief: the finance ministers accept the Commission's recommendation and put an end to the procedure opened in 2009, when the deficit exceeded 15% of the gross domestic product - Now the budget is in…
The operation was finalized in the context of the Italy-Greece bilateral summit which took place today in Corfù - Mazzoncini: "Important stage in the group's international expansion process".
Athens has launched a 5-year bond issue - The funding target is 3 billion while the final rate should be between 4,875% and 4,75%.
On Tuesday 24 July, the Ministry of Finance will launch the first government bond issue since 2014 on the primary market.
According to data from the German Finance Ministry reported by Süddeutsche Zeitung, aid to Greece has yielded 1,34 billion euros to Berlin's coffers - Controversy from the Greens: "It may be legal, but it is not morally legitimate".
The Kafireas wind farm, on the island of Evia, will have a total installed capacity of 154 MW and will be able to generate approximately 483 GWh per year - The Ampere project has also been launched which aims to create…
After Moody's rating upgrade
The go-ahead from the Eurogroup to the debt agreement gives oxygen to Greece which, however, is awaited by another budget law with tears and blood - The collapse of the real estate market is the thermometer of the country's state of difficulty
It will be called EastMed and will transport the gas discovered off the Cypriot and Israeli coasts to Europe - The entry into operation is scheduled for 2025.
After a lively start, European price lists slow down and Piazza Affari suffers from the slowdown of the banks - Waiting for the Council of Ministers which should suspend the payment of the Veneto Banca bond expiring on June 21st - The data…
Agreement reached to pay Athens another 8,5 billion needed to repay creditors in July - For now, however, no discounts on debt reduction, which has reached 179% of GDP.
Former Greek Prime Minister Loukas Papademos and his driver were injured in an explosion in the politician's car caused by a parcel bomb.
Alitalia: Gubitosi, Laghi and Paleari appointed commissioners. Ok to bridge loan - Greece, agreement with Troika and IMF - FCA stumbles, UBI runs, Piazza Affari advances - 730 pre-compiled 2017, phase 2 starts: changes go ahead - Goodbye to…
European markets are in the red, with Paris and Milan the worst - Political uncertainty and the upcoming verdict on the Greek rating weigh heavily - Piazza Affari weighed down by the banks (bad Unicredit) and the investigation into Bolloré-Mediaset - Industrial stocks also down…
Despite the persistent political tensions, the improvement in the European economic situation (growth is at its highest level since April 2011) pushes the stock lists of the Old Continent into positive territory - Mondadori and Brembo fly to Piazza Affari - The…
There is still no political agreement, but Dijsselbloem assures: "Together with the Greek rulers, the creditors' representatives will work on a further package of measures, adopting a change in economic policy with less emphasis on budget austerity and greater…
Eurogroup president Dijsselbloem confirmed that the finance ministers have reached an agreement on Greece: "The next steps must be taken with the IMF".
After the wave of credit adjustments that weighed down balance sheets and sent stock market shares up and down, banks are looking for a relaunch in Piazza Affari hoping for the American wave pushed by Trump - But watch out for the spread and the auction…
Greece and Italy worry the markets again to the benefit of the US and the Emerging - Reports are circulating in London on the hypothesis of Italy's exit from the European Union but it is pure electoral fuss: however the political instability linked to the possible advance of…
The Chinese State Grid takes the field and presents the offer for 24% of Admie, the operator of the Greek electricity transport network
The Italian group is in the race to acquire the company that manages the Greek electricity transmission network. This is one of the important privatizations implemented by the Tsipras government
Giampaolo Galli points out an illuminating interview of the former Greek minister Yanis Varoufakis granted to "Rifondazione Comunista" and reported on the website www.rifondazione.it, which we publish below, in which the Greek economist and politician, who has no sympathy for single currency, recognizes and explains…
With an offer of 45 million, the FS group was awarded the Greek railway transport company Trainose. The Hellenic Fund for privatization has chosen FS as "preferred investor". The operation will be formalized in the coming weeks.
According to calculations by the IOM observatory, in the first half of the current year, while desperately trying to reach Europe, 2.920 migrants died, over a thousand more than in the same period of 2015, when they had been in 1.838.
The ESM has approved the transfer of 10,3 billion - Of these, 7,5 will be sent immediately in recognition of the commitments undertaken by Athens - For the other 2,8 it will be necessary to wait for the green light for new measures
Green light for new 10,3 billion aid - Meanwhile, the ESM, the European Stability Fund, will study a short, medium and long-term plan "to be introduced gradually" intended to reduce the burden of the Athens exhibition, i.e. the interest on the debt.
After the Greek Parliament has approved all the measures requested by the creditors, today the Eurogroup should give the go-ahead for a tranche of aid that would secure Athens until November - However, the big question remains on the table…
Despite the launch of the new austerity package by Athens, the decision on the release of the second tranche of the bailout plan is postponed to the next few days - Of the 215 billion in aid granted so far, only 10 have ended…
The extraordinary Eurogroup meeting will be held in the afternoon to examine "the progress" made by Athens - The Hellenic Parliament has given the green light to a new package of austerity measures, but the green light to the new tranche of…
FROM ADVISE ONLY - Greece is on the brink, once again. Athens has not yet reached an agreement with creditors on the recovery plan and now finds itself with little money in hand and ever more pressing deadlines.
Madrid has been without a government for four months and is heading for new elections, Lisbon has missed its 2015 financial targets and Greece is once again cash-strapped as the July deadline approaches by…
In the event that Greece fails to achieve its budgetary objectives, it will have to launch further cuts of 3 billion euros - In exchange, the Eurogroup has agreed to a plan that provides for the restructuring of the Greek debt -…
Despite Lagarde's broadsides against Tsipras and a Wikileaks report showing an IMF leaning towards a Greek default, Athens has managed to sell the Port of Piraeus to the Chinese, is signing energy deals with the Russians and can…
Eviction is underway in the "jungle of Calais", where over 3 refugees have been living for months - Tensions and clashes on the border between Greece and Macedonia: Macedonian police used tear gas to stop the protest of hundreds of migrants…
Greece: "We will not be a storehouse of souls" - The Union will strengthen controls on migrants at external borders - After the counter-summit between Austria and the Balkan states, Athens recalls its ambassador to Vienna for "consultations".
Street demonstrations throughout Greece due to the pension reform wanted by the Troika. The majority in Parliament is increasingly narrow and the Tsipras government is once again in danger of falling.
The Mediterranean area once again worries Brussels - The new left-wing government in Lisbon has decided to block the privatization plan envisaged by the previous executive, while the reform plan presented by Tsipras in Brussels does not seem to have met…
The agreement reached by the Greek government with the EU and the IMF on measures to restore Athens' accounts allows the green light for the first tranche of the third bailout plan - Greek minister Tsakalotos: "Agreement on all points…
The parties will try to reach a compromise on the reform path of Athens within the Eurogroup on Monday - The president of the ECB Supervisory Board Danièle Nouy: "We are ready to intervene on the Greek banking system".
Few line-up changes in the new Greek executive compared to the one prior to Sunday's elections - Euclid Tsakalotos remains at the helm of the delicate finance ministry - Panagiotis Kouroumblis arrives at the Interior
Tsipras' party wins with 35,5% of the preferences (against 28% for Nea Democratia) and will form a new government with Anel's old allies - Syriza leavers do not enter Parliament - Bad too...
The Greek elections confirm the agreement between Tsipras and Europe but the financial week opens with uncertainty due to the Fed effect and the continuous decline of the Asian markets - Spotlights on Yellen and the Japanese premier - Gold rises - Flywheel …
ELECTIONS IN GREECE - Tsipras wins again and Syzira's rebels do not even enter Parliament but the premier will now have to look for allies to be able to govern and implement the reform plan agreed with Brussels to save Greece…
